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#5 Are Masterminds A Scam? How to Start an Honest Life-Changing Mastermind


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Masterminds are all the rage right now. They’ve gone from “What’s a mastermind?” to “How can I get into one?” They’re mainstream because people speak so highly of their influence.

Some masterminds are life-changing. Other masterminds are a scam.

How can you tell the difference?
Should you join one?
Should you start one?
Where can you find help so you take part in a successful mastermind?

You’re in the right place.

Things To Consider When Starting A Mastermind
  • Types
    • Siloed or diverse
    • Mix gender or single gender
    • Paid or free
    • Process of starting
      • Leadership or democracy
      • Weekly, monthly, quarterly activities
      • Personal and business?
      • Paying each other for services?
      • In-person or virtual or mix?
      • Tools
        • Slack
        • Zoom
        • Facebook Group
        • Problems you will face
          • Lack of attendance
          • Dominant members
          • Chatty members
          • Non-action takers
          • Graduating members
          • Asking members to leave
          • What it won’t do for you & What it can do for you
            • Won’t take action for you
            • Will help you change your mindset
            • Will give you new connections
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              Take PermissionBy Andy Traub